Good Things Come in Aluminum Packages for Alcoa

NASDAQ reports that Alcoa (NYSE:AA) primary metals sales figure could increase by as much as 10%.

The editorial is quoted as saying:

The packaging industry uses a significant quantity of aluminum. The metal’s light weight makes it ideal for making cans. Moreover, it is very convenient to use aluminum foil for wrapping and storing food. It is estimated that almost 20% of all aluminum produced is used for packaging. With the global demand for the aluminum industry expected to reach 45 million tons by 2012, it implies that almost 9 million tons of aluminum will be used for packaging by then.

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